64
64
Apr 23, 2013
04/13
by
CSPAN
tv
eye 64
favorite 0
quote 0
tax-free shopping on the internet will be the focus of debate. states can only require stores to collect sales tax if the store has a physical presence in that state. the senate voted to take up the bill, which could pass as early as this week. the senate coverage on c-span2. homeland security secretary janet napolitano will be the sole witness. she was scheduled to appear last week. live coverage of the hearing in just under an hour on c-span radio and on c-span. those are some of the latest headlines on c-span radio. [video clip] >> the museum is meant to help a visitor relive the first eight years of the 21st century. the museum explains the decision-making process that i went through as president. and we hope the museum inspires people to serve, to serve their community or their country in some way. we really did not want to be a school. we wanted to be a do tank. i don't know if there is a lesson there. i do know that laura and i decided to go in a different direction with the -- apart from the museum with a component from which programs wou
tax-free shopping on the internet will be the focus of debate. states can only require stores to collect sales tax if the store has a physical presence in that state. the senate voted to take up the bill, which could pass as early as this week. the senate coverage on c-span2. homeland security secretary janet napolitano will be the sole witness. she was scheduled to appear last week. live coverage of the hearing in just under an hour on c-span radio and on c-span. those are some of the latest...
81
81
Aug 27, 2013
08/13
by
CSPAN
tv
eye 81
favorite 0
quote 0
conservative, speak to progressives and say by lowering taxes and regulations it will create an economy that is better for everyone, they say you are just for the rich at the expense of the poor. if i say entitlements need to be reined in or they will not either for anyone, they say you want people to die. the thing is we are in a street fight. mitt romney was a fine candidate, but when it came to taking the gloves off, he would not do that. we are rational people. conservatives and republicans are rational people that give rational arguments, facts-based arguments, and they say we are racist, kooks and nuts. we can make all the nice speeches that we want, but in on end they have the media their side. and it is not that we are not presenting our position. we are, in a rational manner, but that does not make up for people to hate you, and the media is not on our side, they are on their side. from my point of view, the only way we are going to break through is by getting down in the mud with them and starting to use what they use. host: any response? littlei lost the last bit, but i think
conservative, speak to progressives and say by lowering taxes and regulations it will create an economy that is better for everyone, they say you are just for the rich at the expense of the poor. if i say entitlements need to be reined in or they will not either for anyone, they say you want people to die. the thing is we are in a street fight. mitt romney was a fine candidate, but when it came to taking the gloves off, he would not do that. we are rational people. conservatives and republicans...
103
103
Apr 3, 2013
04/13
by
CSPAN
tv
eye 103
favorite 0
quote 0
of our tax laws. that is something that needs to be fixed. the very important thing is that i agree with the previous caller that had a farm when she says that people complain of having a cheap food to be able to buy, but on the other hand, they don't want to pay the fair value for the food. it is time for us to get his act together and get his law passed. host: what is your story? when and how did you come here? caller: i came here about 14 years ago when i was 14 with documents as a legal resident. college ando go to i graduated from college as well. right now, i am a software engineer. what i have been able to achieve but it pains me to see all the people who have the same aspirations. is kids graduate from high school that have their futures entries in this country. they are being classified as second-class citizens by the media and the politicians many times. host: where did you come from? caller: i came from the dominican republic. host: did you come on a student visa? i came here as a legal res
of our tax laws. that is something that needs to be fixed. the very important thing is that i agree with the previous caller that had a farm when she says that people complain of having a cheap food to be able to buy, but on the other hand, they don't want to pay the fair value for the food. it is time for us to get his act together and get his law passed. host: what is your story? when and how did you come here? caller: i came here about 14 years ago when i was 14 with documents as a legal...
73
73
Oct 10, 2013
10/13
by
CSPAN
tv
eye 73
favorite 0
quote 0
in the tax code. i know this is counter to a lot of the political class' belief system -- the business is not republican. in many ways they are not democrat. they are self-interested. any member of commerce who carves out a special deal, special tax category, special depreciation, whatever it may be, that is something that will be defended. thereality of it is entitlement curve is devastating financially, with the retirement of the baby boomers. it is just math. the tax code, i believe, suppresses economic growth because it creates an allocation problem for resources and a being put. -- resources and effort being put. if we can deal with the reality coming at us democratically instead of waiting until we are in the midst of a crisis and adopt a much more rational tax code that stops fusing the choosing winners and losers, i am incredibly optimistic about our future. but if we don't do these things, sorry, but the math is already ahead of us. host: some questions about what we would be selling to help
in the tax code. i know this is counter to a lot of the political class' belief system -- the business is not republican. in many ways they are not democrat. they are self-interested. any member of commerce who carves out a special deal, special tax category, special depreciation, whatever it may be, that is something that will be defended. thereality of it is entitlement curve is devastating financially, with the retirement of the baby boomers. it is just math. the tax code, i believe,...
109
109
Feb 4, 2013
02/13
by
CSPAN
tv
eye 109
favorite 0
quote 0
otherwise it is tax-free. but my concern is that even in the bank today the inflation alone begins to take your money in. you have to engage and participate. i think that all of us need to do if a little bit more. that is my comment. host: fred, independent line, maryland. caller: this is more of a question. the benefits of companies and their retirement packages, companies that come in, like ing, putting it on retirement packages, the people that go in to sell it, they make a large percentage of those sales, that is how they make their income. i do not understand benefits for a worker when such a large amount of money is detracted from the to pay their sales goals. host: do you have a personal strategy when it comes to retirement? host: i have a 401k. i also invest in five specific stocks. everything is a long-term plan. host: another chris joins us, from san francisco, california. democratic line. caller: i was pretty much forced into retirement, lost my job in 2008 and i have been looking for full-time work
otherwise it is tax-free. but my concern is that even in the bank today the inflation alone begins to take your money in. you have to engage and participate. i think that all of us need to do if a little bit more. that is my comment. host: fred, independent line, maryland. caller: this is more of a question. the benefits of companies and their retirement packages, companies that come in, like ing, putting it on retirement packages, the people that go in to sell it, they make a large percentage...
139
139
Jul 13, 2013
07/13
by
CSPAN
tv
eye 139
favorite 0
quote 0
have a way to come out of the shadows, to be able to work, to have their own businesses, to pay their taxes, to travel back and forth to their home country and elsewhere. having a special pathway to citizenship, like the senate bill has, where people who have immigrated lawfully to the country for generations, and sometimes wait in line for 10 years or more based upon employment-based petitions, refugee status, political status, to create a new category for people who come here legally does not sit well with a great many americans. for that we are concerned. bob goodlatte joins us tomorrow at 10:00 eastern time. the news that he made appeared on a couple of websites. oryou are just tuning in listening on c-span radio, the question we are asking, "is congress broken?" phyllis joining us on the independent caller: line from south carolina. phil is joining us on the independent line from south carolina. caller: it is not just the senate, it is the whole congress. johnkennedy asked -- kennedy said, "ask not what the country can do for you, ask what you can do for the country. co. who out there
have a way to come out of the shadows, to be able to work, to have their own businesses, to pay their taxes, to travel back and forth to their home country and elsewhere. having a special pathway to citizenship, like the senate bill has, where people who have immigrated lawfully to the country for generations, and sometimes wait in line for 10 years or more based upon employment-based petitions, refugee status, political status, to create a new category for people who come here legally does not...
69
69
May 17, 2013
05/13
by
CSPAN
tv
eye 69
favorite 0
quote 0
will do tax reform and we want a fair tax code. the problem is there are areas in the law that are gray and have not been changed for some time, and the tax law that has not been changed substantively since 1986 has not kept up with recent developments. i can tell you the tax-exempt area of the law is something being looked at by the ways and means committee. we had a special working group focused on this area. i have conducted a lot of oversight in this area since i took over subcommittee chairmanship two years ago. host: tennessee. republican line. teresa. hello. caller: the agricultural department was found guilty of discrimination against black farmers and was awarded billions and billions of dollars. being that the tea party groups are a majority white group, and they were discriminated against for their political leanings, and i believe i race, how is this -- by race, how is this any different from the farmers case and do you expect there will be a civil right's lawsuit against the irs? my second question is, i feel when the
will do tax reform and we want a fair tax code. the problem is there are areas in the law that are gray and have not been changed for some time, and the tax law that has not been changed substantively since 1986 has not kept up with recent developments. i can tell you the tax-exempt area of the law is something being looked at by the ways and means committee. we had a special working group focused on this area. i have conducted a lot of oversight in this area since i took over subcommittee...
86
86
May 24, 2013
05/13
by
CSPAN
tv
eye 86
favorite 0
quote 0
they pay their taxes. they cut a deal with the irish government cannot pay taxes on income it turns and shifts to ireland. ireland had the lowest corporate tax rate in the developed world. even without low rate, they cut a special deal with>> and they d avoided income earned overseas, not earned in the u.s., but over fraud -- but abroad. that they put the money apple paid little or no taxes at around $7.4 billion? how did they do it? how were they able to avoid paying taxes on that? guest: it was a deal they cut with the irish government. this year should have taken place in the irish parliament or in other european countries because they are the one being treated -- cheated out of taxes. this is income earned on apple devices sold to foreign customers. people in the u.k., other european countries. to the appleown store here in georgetown and by an ipad, and they ship the money overseas. that would be illegal tax evasion. this is the foreign-earned income at apple is sheltering in ireland host. host: apple
they pay their taxes. they cut a deal with the irish government cannot pay taxes on income it turns and shifts to ireland. ireland had the lowest corporate tax rate in the developed world. even without low rate, they cut a special deal with>> and they d avoided income earned overseas, not earned in the u.s., but over fraud -- but abroad. that they put the money apple paid little or no taxes at around $7.4 billion? how did they do it? how were they able to avoid paying taxes on that?...
168
168
Jul 26, 2013
07/13
by
CSPAN
tv
eye 168
favorite 0
quote 0
tax cut. host: messaging. caller: yes, it is.
tax cut. host: messaging. caller: yes, it is.
109
109
Apr 25, 2013
04/13
by
CSPAN
tv
eye 109
favorite 0
quote 0
people attack him now because its tax cuts did not solve all the problem. three months after they were enacted, both two buildings were knocked down and the economy not a mess. sandy was a very good governor of texas and had a lot of promise to be president. a lot of it had to be dedicated to keeping us safe before two , for the next seven years. he accomplished that. that was his major focus. too bad the could not have normal times. i think that he had a lot more potential. i think the democrats used their typical approach that they have used lately called lies, political games, and a demagoguery to attack him. now that they are standing back and staying out of stuff, people feel better about him. host: how have your thoughts evolved since he left office? caller: i liked him in the beginning and i liked him better than i liked his father as a president. so i was pretty sympathetic with him all the way along. host: even on the spending? some in the republican party are critical of the amount of spending he did while in office. caller: the house and senate h
people attack him now because its tax cuts did not solve all the problem. three months after they were enacted, both two buildings were knocked down and the economy not a mess. sandy was a very good governor of texas and had a lot of promise to be president. a lot of it had to be dedicated to keeping us safe before two , for the next seven years. he accomplished that. that was his major focus. too bad the could not have normal times. i think that he had a lot more potential. i think the...
123
123
Jan 7, 2013
01/13
by
CSPAN
tv
eye 123
favorite 0
quote 0
consumption tax is a national sales tax. and unless the 19th amendment -- 16th amendment that created the income tax is eliminated, but there will be two forms of taxation. and host: follow were on twitter says i am no big earner, but i liked my deductions. -- caller: follower on twitter says i am no big earner, but i like my deductions. guest: if you would have more per year, maybe that is a good enough incentive to giving up the tax rate. mike freeman says i am not a big proponent of nascar, but we got a lot of improvements in our road racing tracks. going to our next calller. mike in georgia, republican. caller: how are you doing? i have worked for ibm for 30 years. back in 1981 when reagan was into office around that time, there was a corporate tax put in place. corporations that were doing upgrades to their environment, office furniture, software needed -- which nevwhenever thy to support the core for environment. at that time i was hired with the company. i was working seven days a week nonstop as all over corporations
consumption tax is a national sales tax. and unless the 19th amendment -- 16th amendment that created the income tax is eliminated, but there will be two forms of taxation. and host: follow were on twitter says i am no big earner, but i liked my deductions. -- caller: follower on twitter says i am no big earner, but i like my deductions. guest: if you would have more per year, maybe that is a good enough incentive to giving up the tax rate. mike freeman says i am not a big proponent of nascar,...
110
110
Dec 10, 2013
12/13
by
CSPAN
tv
eye 110
favorite 0
quote 0
to a flath regard tax, we must reform the tax code. we are letting wealthy people get off the hook by sending the money overseas. we saw a presidential candidate do that in the last election. that is not fair. somebody making several million dollars a year would be paying the same rate as somebody that is digging a ditch for $10 an hour. that is not fair. clearly we need to simplify the loopholeso end the that allow corporations -- some corporations pay no tax at all. that is wrong. individuals can avoid taxes with loopholes and schemes. all of that should end. part of the responsibility is to help pay for the nation in a fair and appropriate way. we have a huge public campaign finance reform. we have secret money in terms of hundreds of billions of dollars. it is clearly corrupting the process. the supreme court's decision made it difficult to pass any ind of legislation except t so that disclosure people know what to expect. the internal revenue service is looking at it regulation that is being abused and this is the 501c4 regulation
to a flath regard tax, we must reform the tax code. we are letting wealthy people get off the hook by sending the money overseas. we saw a presidential candidate do that in the last election. that is not fair. somebody making several million dollars a year would be paying the same rate as somebody that is digging a ditch for $10 an hour. that is not fair. clearly we need to simplify the loopholeso end the that allow corporations -- some corporations pay no tax at all. that is wrong. individuals...
65
65
May 31, 2013
05/13
by
CSPAN
tv
eye 65
favorite 0
quote 0
there's been a big corporate tax debate in washington. some say just lower the corporate tax rate. administration proposes deepening the manufacturing tax deduction, so if you are putting the people work in the u.s., you get lower corporate tax rates than you otherwise would. that is an insourcing incentives. while there may be some tweaks needed to perfect that, that would be a great thing. yampa trade policy, the tax policy, you do some worker training, you do some public investment for infrastructure, which creates a market for manufactured goods, and you have the framework for a manufacturing policy that it really drives a manufacturing job growth. host: scott paul, executive director at the alliance for american manufacturing, thanks for talking with us. guest: thank you. host: next we will talk to the head of the federal energy regulatory commission. the baltimore sun colorado jon wellinghoff the electricity cop. we will hear from him in a moment. later we will look at school crime, violence, and safety, in "america by the numbers." we will be right back. >> ♪ t [video clip
there's been a big corporate tax debate in washington. some say just lower the corporate tax rate. administration proposes deepening the manufacturing tax deduction, so if you are putting the people work in the u.s., you get lower corporate tax rates than you otherwise would. that is an insourcing incentives. while there may be some tweaks needed to perfect that, that would be a great thing. yampa trade policy, the tax policy, you do some worker training, you do some public investment for...
122
122
Jul 5, 2013
07/13
by
CSPAN
tv
eye 122
favorite 0
quote 0
i am willing to pay more land taxes. i pay all the taxes i can. i am willing to pay more land taxes. leave oneo reason to kid across the street at home and send the other one. we are lacking. that is just a comment i want to make. thank you, general. that is exactly what the generals at admission readiness is looking for. every eligible for your old and high-quality pre-k has highly skilled teachers, they've got curriculum, high staff to student ratios, folks that can determine whether a young child might have a behavior, physical, and/or developmental disorder that we can tackle early on. if you are not careful and do not do this right, it will fade out over time. what we see -- i use new jersey as an example -- those kids who started in the high-quality pre- k program, as they are hitting fourth and eighth grade, still three quarters of a year ahead of their contemporaries in math and two thirds ahead of their contemporaries and literacy skills. high pre-k programs have a lasting effect and they really set the foundation for a young man or young
i am willing to pay more land taxes. i pay all the taxes i can. i am willing to pay more land taxes. leave oneo reason to kid across the street at home and send the other one. we are lacking. that is just a comment i want to make. thank you, general. that is exactly what the generals at admission readiness is looking for. every eligible for your old and high-quality pre-k has highly skilled teachers, they've got curriculum, high staff to student ratios, folks that can determine whether a young...
61
61
May 14, 2013
05/13
by
CSPAN
tv
eye 61
favorite 0
quote 0
a tax exemption. i get a small amount. of we are talking millions dollars. even if taxes were at 90%, as long as that & i get to keep let me live further down the road with my standard of living, that is something the republicans have never given. "the new york times -- on benghazi -- "the wall street journal," -- closedd's "baltimore sun " -- -- "baltimore sun" -- president obama has said of the irs. we are getting your thoughts on that. in other news this morning, so here is "the washington post" -- in the politics section of about theon times," meeting president obama had with britain's prime minister -- here is what britain's prime minister had to say. [video clip] >> if we can broker a peaceful solution that leads to assad's departure but leaves syria intact that accommodates the interest of all of the religious , andthnic groups inside the bloodshed and stabilize the situation, it will be good for everybody. we are going to be very persistent in trying to make that happen. i am not promising tha
a tax exemption. i get a small amount. of we are talking millions dollars. even if taxes were at 90%, as long as that & i get to keep let me live further down the road with my standard of living, that is something the republicans have never given. "the new york times -- on benghazi -- "the wall street journal," -- closedd's "baltimore sun " -- -- "baltimore sun" -- president obama has said of the irs. we are getting your thoughts on that. in other news...
81
81
Aug 13, 2013
08/13
by
CSPAN
tv
eye 81
favorite 0
quote 0
taxed by us. we need a fair trial tax system. a rate no higher than 25%. that is tax reform. the the president just wants higher taxes. can you hear me? ok. look backng you would to the first segment of thes show. we had all these horror stories. there are a lot of taxes in the health care bill. caller: i have a list. healthcare is a moral issue. ok? .e are a christian country take care of the weak and the poor. guest: actually, we are in the favor of religious liberty. caller: morality is the word we are talking about here. host: go ahead. it is: do you think ceos making person, $200 million a year? peoplefirst of all, should only make what the guys in the company what they are worth. some ceos are paid too much absolutely. some tend to go encrypt if they're paying people more than they are worth. a lot ofhere has been overpayments. i want the government decided how much you or anybody else can earn as a living. i think some of the salaries people play when they get baseball and football are pret
taxed by us. we need a fair trial tax system. a rate no higher than 25%. that is tax reform. the the president just wants higher taxes. can you hear me? ok. look backng you would to the first segment of thes show. we had all these horror stories. there are a lot of taxes in the health care bill. caller: i have a list. healthcare is a moral issue. ok? .e are a christian country take care of the weak and the poor. guest: actually, we are in the favor of religious liberty. caller: morality is the...
92
92
Feb 19, 2013
02/13
by
CSPAN
tv
eye 92
favorite 0
quote 0
that is done with a tax credit. know there are great opportunities and not just for the economy but for our national security. host: how much money are we talking for the initiative? guest: a lot of that we will see in the upcoming budget. we have made progress. the government has a role to make sure that progress continues. host: did you hear he goes ahead with the keystone pipeline? guest: people are watching that very closely on both sides. i think it is too soon to say. host: does it create jobs? guest: most infrastructure is provided by the private sector. private-sector investment if the structure is about $1.8 trillion, a massive amount of money. the government spends $150 billion a year. we should get the private sector investing in infrastructure. two we're getting different perspectives on job creation. we will surely what the president had to say. [video clip] >> america's energy sector is one part. ask any ceo where they would like to locate and hire. high-tech schools, self healing power grids. the comp
that is done with a tax credit. know there are great opportunities and not just for the economy but for our national security. host: how much money are we talking for the initiative? guest: a lot of that we will see in the upcoming budget. we have made progress. the government has a role to make sure that progress continues. host: did you hear he goes ahead with the keystone pipeline? guest: people are watching that very closely on both sides. i think it is too soon to say. host: does it create...
117
117
Jul 17, 2013
07/13
by
CSPAN
tv
eye 117
favorite 0
quote 0
it's very income tax dependent and state tax dependent. when there's a tech industry boom or movie industry boom things go way up. when things are in trouble, state revenues go way down. because of the sort of initiative system of passes taxes it's hard to deal with that. it's one more structural issues california are to deal with. host: when do the governor think california will be in a good place financially? guest: it has a budget surplus now. his job is to guard the seven years. host: when you were talking with him, what is his demeanor? does he carry himself that way? what is it like day-to-day? guest: i describe an episode here in d.c. in terms of national governor's association. you probably seen it where you have these -- it's like hollywood entourage, the governor very modest state who are surrounded by security people and aids handing them stuff. i was waiting for governor brown and his wife and they kind of drifted over. it's like talking to a normal somewhat add person to talk with governor brown. always skipping around and ask
it's very income tax dependent and state tax dependent. when there's a tech industry boom or movie industry boom things go way up. when things are in trouble, state revenues go way down. because of the sort of initiative system of passes taxes it's hard to deal with that. it's one more structural issues california are to deal with. host: when do the governor think california will be in a good place financially? guest: it has a budget surplus now. his job is to guard the seven years. host: when...
94
94
May 15, 2013
05/13
by
CSPAN
tv
eye 94
favorite 0
quote 0
a everybody is going to get tax exemption, who is going to pay the taxes? is onlyhe tax exemption for the activity. it is not that they are not going to be paying taxes. as i understand it, they do process these applications. everybody does not get them. thangot them quicker a valuationhey met which has been disclosed by the inspector general of the treasury department. that is not fair if you're giving them on an equitable basis to target conservative groups and to lay their processes and ask them additional and unnecessary questions. get thosether groups requests expedited. that is something that has to be looked at very carefully. host: representative john mica of florida. he sits on the oversight and reform committee and he's the chairman of the government operations subcommittee. ray from new hampshire. caller: thank you for taking my call. i want to talk about privacy. theres, the were looking at celebrity tax returns. some safeguards were put in to keep this from happening. the irs will be the enforcement arm with making sure we have health insurance
a everybody is going to get tax exemption, who is going to pay the taxes? is onlyhe tax exemption for the activity. it is not that they are not going to be paying taxes. as i understand it, they do process these applications. everybody does not get them. thangot them quicker a valuationhey met which has been disclosed by the inspector general of the treasury department. that is not fair if you're giving them on an equitable basis to target conservative groups and to lay their processes and ask...
90
90
Aug 19, 2013
08/13
by
CSPAN
tv
eye 90
favorite 0
quote 0
he also cut taxes in an attempt to help the economy. recession, a spending goes up on programs like medicaid and food assistance. people are in need of government assistance. these are called the automatic stabilizers. that means that automatically during tough times, revenue goes down and spending goes up. that means the deficit goes up. when the economy begins to recover, those effects stayed and the deficit begins to come down again. that is what we are seeing now. host: we are going to take your calls on the segment. our phone lines are open. if you want to talk debt and deficit, republicans can call in -- our lines are open now. we want to take you through a chart, breaking down the numbers a little bit more for us. the federal deficit for fiscal -- revenues are up 14% and spending is down about 2.9%. this reduced is deficit more of a function of the spending side or the revenue side? it is a combination of both. what we have this year is a fiscal cliff deal. if you remember back to new eve,rs -- to new year's revenues went up beca
he also cut taxes in an attempt to help the economy. recession, a spending goes up on programs like medicaid and food assistance. people are in need of government assistance. these are called the automatic stabilizers. that means that automatically during tough times, revenue goes down and spending goes up. that means the deficit goes up. when the economy begins to recover, those effects stayed and the deficit begins to come down again. that is what we are seeing now. host: we are going to take...
131
131
Nov 4, 2013
11/13
by
CSPAN
tv
eye 131
favorite 0
quote 1
they returned it in the form of a tax cut. that was a 10 year tax cut. what we did not anticipate, of course, was what happened on september 11, 2001. we went from surpluses to deficits almost overnight. the tax cuts remained in effect. you are right that there should have been some revisiting of the tax cuts that went into effect. those tax cuts also allowed us to avoid of major recession. host: you bring up deficits. how much motivation is there right now to get a grant deal done? weather in this effort or a future effort -- with the u.s. just having posted its lowest deficit. guest: you're right. we just ended fiscal year 2013. of $680a deficit billion. i believe that is what the figure was. that was a significant 30% reduction from the previous two- year. -- from the previous year. this is taking some pressure off. eggs are improving. i would point out that part of the reason the deficit came down so significantly is that revenues went up 13%. spending went down two percent. the combination resulted in the deficit coming down. the difficulty is that,
they returned it in the form of a tax cut. that was a 10 year tax cut. what we did not anticipate, of course, was what happened on september 11, 2001. we went from surpluses to deficits almost overnight. the tax cuts remained in effect. you are right that there should have been some revisiting of the tax cuts that went into effect. those tax cuts also allowed us to avoid of major recession. host: you bring up deficits. how much motivation is there right now to get a grant deal done? weather in...
97
97
Mar 3, 2013
03/13
by
CSPAN
tv
eye 97
favorite 0
quote 0
i did my tax return last year. my wife and i -- 35%. my effective tax rate is 25% more than gov. romney. we have a huge revenue problem, let us get the facts out here. let's close tax loopholes that allow facebook and to ge and horizon and all of these corporations not to pay any income taxes and get refunds. host: the republican argument is they have already given the president a tax increase to wealthier americans, we are not going to give him another one. caller: there is going to be a tax increase on facebook, on ge. from 0 to 10%? come on. if these corporations were wealthy individuals, maybe they go from 10% to 15%. you cannot fund the operations of this federal government with just middle-class taxes alone. host: mitt romney is making his first public appearance since losing the election on fox news sunday. he talked about sequestration, calling it a missed opportunity for the president. we will have more details on other programs coming up. in a word, describe what sequestration means. the gallup organization has taken a look at some of the words americans surveyed on. la
i did my tax return last year. my wife and i -- 35%. my effective tax rate is 25% more than gov. romney. we have a huge revenue problem, let us get the facts out here. let's close tax loopholes that allow facebook and to ge and horizon and all of these corporations not to pay any income taxes and get refunds. host: the republican argument is they have already given the president a tax increase to wealthier americans, we are not going to give him another one. caller: there is going to be a tax...
69
69
Jun 24, 2013
06/13
by
CSPAN
tv
eye 69
favorite 0
quote 0
you have to have taxes. i am 56 years old. i have pay taxes but whole life. you should be down with loopholes, not taxes. it gives people these bigger write offs and these companies right out for things they do not deserve. host: let's get a response. you make a great point. a chunk of my books have a chapter called "strangled in the bathtub." a comment that likes to say.t he wants to make government so small it can be strangled in a bathtub. is to keepdo that cutting taxes. he got almost everybody in the senate and the house to sign his famous pledge. he extended it to close the loopholes which he called a tax increase. even just closing loopholes. even very conservative senators say what is that? why is it a tax increase to close the loophole or in the tax favor for ethanol? it put a choke hold on the whole it gave the lie to the idea that the republicans stand for deficit reduction, for lifting the burden of debt on our children. one of the key moments in the campaign came from a fox news debate that many software a fox anchor asked all the republican --di
you have to have taxes. i am 56 years old. i have pay taxes but whole life. you should be down with loopholes, not taxes. it gives people these bigger write offs and these companies right out for things they do not deserve. host: let's get a response. you make a great point. a chunk of my books have a chapter called "strangled in the bathtub." a comment that likes to say.t he wants to make government so small it can be strangled in a bathtub. is to keepdo that cutting taxes. he got...
97
97
Jul 8, 2013
07/13
by
CSPAN
tv
eye 97
favorite 0
quote 0
you pay the toll and the fuel taxes. it is a double or triple tax in some states like new york. if you take the new york state pulling and 80,000 pound load, by the time you pay the pound per load, federal, and state taxes, it costs $1 per mile. they do not have a competitive pricing system for trucking companies. we do not do that in the united states. if we collected taxes from the people that ship or receive these commodities instead of the trucking companies, it would be more manageable. it would be more like a sales tax based on the sale price of the commodities. host: do you want to comment on that proposal? guest: i am not that experienced in trucking. andink $1 per mile for 80,000 pound vehicle is not the worst i can imagine. the prices in europe may be higher. how thethe issue about calls are set for commercial vehicles, of the weight and distance taxes are imposed, is a very important issue. we have seen a lot of debate in the u.s. about whether we should move to a more toll-based financing system. when we heard from john was concerned about regional what we heard from
you pay the toll and the fuel taxes. it is a double or triple tax in some states like new york. if you take the new york state pulling and 80,000 pound load, by the time you pay the pound per load, federal, and state taxes, it costs $1 per mile. they do not have a competitive pricing system for trucking companies. we do not do that in the united states. if we collected taxes from the people that ship or receive these commodities instead of the trucking companies, it would be more manageable. it...
94
94
Mar 9, 2013
03/13
by
CSPAN
tv
eye 94
favorite 0
quote 0
if you look at the tax code and who can take advantage of the deductions, why should we be giving a tax deduction to some guy that has a yacht just because it has a bathroom? because he can live there, he can deduct it. that seems wrong. there is a need for its poor people -- there is a need for it for people of moderate income. for those higher up the food chain on an income basis, i think you could start to ratchet that down. host: the last caller is from hawaii on the republican line. caller: a purchased by home in 1988 under the fannie mae program which we call hula mae here. through the years, i was able to refinance my home and buy a home for my first daughter. i have a second daughter. last year, i paid off my home. i paid off my loan ahead of time. my concern is when i went to the finance and development corporation to look into helping my second daughter, i noticed they had chinese-begin realtors , korean-speaking realtors. is the government funding these programs to purchase homes for americans? do you have to be an american citizen? are they going to start opening it to non-a
if you look at the tax code and who can take advantage of the deductions, why should we be giving a tax deduction to some guy that has a yacht just because it has a bathroom? because he can live there, he can deduct it. that seems wrong. there is a need for its poor people -- there is a need for it for people of moderate income. for those higher up the food chain on an income basis, i think you could start to ratchet that down. host: the last caller is from hawaii on the republican line....
79
79
Dec 11, 2013
12/13
by
CSPAN
tv
eye 79
favorite 0
quote 0
it has nothing to do with taxes. yes, we have a high rate of taxes but the companies don't pay. there are so many loopholes that they end up paying really low amounts. look at mitt romney. he pays 15% a year, more than nobody. everybody pays more taxes than that. new deal, i think it is ridiculous. they don't have the unemployment included in there. but that is the whole deal. with people keep voting republican and those are the things i go after. it is like the farm bill. the farm bill is being held up because republicans want to cut food stamps when there is another option. there are big subsidies that go to the billionaire farmers and we are paying their insurance premiums. they won't cut that, but they will cut food stamps. every time you look at what the republicans do, it is always the least christian thing. we will cut food stamps, benefits, retirees, pensioners, vets who have been injured, the disabled. as who they go after and it is all about making sure that taxes go -- taxes never go up because that attacks the people that line their pockets. host: all right, steve. a
it has nothing to do with taxes. yes, we have a high rate of taxes but the companies don't pay. there are so many loopholes that they end up paying really low amounts. look at mitt romney. he pays 15% a year, more than nobody. everybody pays more taxes than that. new deal, i think it is ridiculous. they don't have the unemployment included in there. but that is the whole deal. with people keep voting republican and those are the things i go after. it is like the farm bill. the farm bill is...
119
119
Jan 14, 2013
01/13
by
CSPAN
tv
eye 119
favorite 0
quote 0
raise taxes or cut spending and congress has only raised taxes. if we don't do something about the tax code, we will continue to print money. host: kevin from woodbridge, virginia. caller: i have a bill with a to balance.$200 if i miss my payments, they will call me. how many follicles do the government debt saying, "when are you going to repay my money -- how many phone calls does the government get saying, "when are you going to repay my money?" we are a bunch of idiots that what our government do whatever they wanted. guest: not enough people are calling their representatives and senators about the debt ceiling and the way we've handled the last 12 months. what you have to do is call your congressman or senator. someone will answer and be polite to you. you have to insist to get the message through. elections have consequences. the division right now is very extreme. are we being played? politicians will wait until the last second until they do what is the right thing. i expect to happen this time is we will get around that during 26th or 27th
raise taxes or cut spending and congress has only raised taxes. if we don't do something about the tax code, we will continue to print money. host: kevin from woodbridge, virginia. caller: i have a bill with a to balance.$200 if i miss my payments, they will call me. how many follicles do the government debt saying, "when are you going to repay my money -- how many phone calls does the government get saying, "when are you going to repay my money?" we are a bunch of idiots that...
80
80
Feb 26, 2013
02/13
by
CSPAN
tv
eye 80
favorite 0
quote 0
you could say no taxes on that money or that we will start taxing money as it comes thin. host: dave in new jersey. caller: i think the problem that i see -- not so much that the sequester should take place. the programs that they are cutting. it is almost like we're being sent to timeout. the programs they are cutting are so critical for day-to-day operations. i do not understand the mindset as to why they choose these specific programs. it seems to me they are picking these programs that are so critical as opposed to some other programs that could probably be cut. guest: the important thing to remember about the sequester is that it is a timeout. it was designed as a punishment for congress if they did not put together a balanced program. now these are taking effect. that is what you hear from congressman. they were designed to be painful so that congress would come to a deal. they are a blunt instruments. host: they picked programs or was it across the board? guest: there are certain exemptions. the obama administration fought hard for low income people. there was no ap
you could say no taxes on that money or that we will start taxing money as it comes thin. host: dave in new jersey. caller: i think the problem that i see -- not so much that the sequester should take place. the programs that they are cutting. it is almost like we're being sent to timeout. the programs they are cutting are so critical for day-to-day operations. i do not understand the mindset as to why they choose these specific programs. it seems to me they are picking these programs that are...
112
112
Nov 7, 2013
11/13
by
CSPAN
tv
eye 112
favorite 0
quote 0
is production tax credit just the form that tax relief takes for the wind industry. there are different forms depending on what energy source you are am a but for the production tax credit it has been such a successful policy over the last several years, where it has leveraged over $100 billion in private investment in wind projects. that has led to hold the manufacturing sectors that we did not have 5-10 years ago in this country. the components of a wind turbine are heavy, sophisticated, large pieces of hardware. it makes the most sense to make these products close to home for transportation and logistics which can be very expensive. by having a market that is growing with is a part of the production tax credit, it has led us to about 550 manufacturing facilities around the country, around the u.s., that are supplying the wind industry with our turbines. getting 70% of their content from u.s. sources. those are all of the impacts and benefits that have come from the production tax credit in recent years and i think one of the things that we don't realize about the
is production tax credit just the form that tax relief takes for the wind industry. there are different forms depending on what energy source you are am a but for the production tax credit it has been such a successful policy over the last several years, where it has leveraged over $100 billion in private investment in wind projects. that has led to hold the manufacturing sectors that we did not have 5-10 years ago in this country. the components of a wind turbine are heavy, sophisticated,...
67
67
Oct 23, 2013
10/13
by
CSPAN
tv
eye 67
favorite 0
quote 0
i see them not removing taxes for benefits for corporations. i see them doing everything possible to slow down obamacare, and it's something that the nation -- this changes. it's going on. now, the republicans would like to go ahead and try to control it. but it's not controllable now, especially after the tea party 's -- they showed their hand, exactly what they're trying to do. host: ron, you say you're motivated to get republicans out of office. what will you do? caller: well, i'm going to go ahead and donate as much money s i can towards my democratic, you know, person that's running against them. as well as try to support them any way i can. >> have you already done caller: i haven't in the past so much, but this election coming up is one that's going to be a big change in the untry, and it's necessary, and i see it's got to happen. host: all right, that was ron in wisconsin, democratic caller. let's hear from charles next, a republican from spartanburg, south carolina. hi, charles. caller: hi. i've been listening to c-span now the last fe
i see them not removing taxes for benefits for corporations. i see them doing everything possible to slow down obamacare, and it's something that the nation -- this changes. it's going on. now, the republicans would like to go ahead and try to control it. but it's not controllable now, especially after the tea party 's -- they showed their hand, exactly what they're trying to do. host: ron, you say you're motivated to get republicans out of office. what will you do? caller: well, i'm going to...
159
159
Oct 28, 2013
10/13
by
CSPAN
tv
eye 159
favorite 0
quote 0
the child tax credit is another refundable tax credit, the second-biggest refundable tax credit. as big as theut earned income tax credit. the treasury and that the general office has reported on that as well, problems with that. it is also -- it has also been expanded. most recently in 2000 nine. so, it has many of the same problems. andit has overlapping income over low income range and also in middle and upper income. if you can get it up to about $100,000 in income. and then there are other educational-related refundable tax credits. and income him over range. they are all structured similarly. they have this phase in range and then a plateau and then it phases out. you get more and more subsidy as you work more and more, and then a constant level of subsidy over a certain income range and then the subsidy phaseout. and the phaseout ranges where you get the disincentive to work additional hours. so, there is really no effect on the economy. it is a wash. over the the fact that higher income range, those tend -- more productive workers. they earn more by definition. so on bala
the child tax credit is another refundable tax credit, the second-biggest refundable tax credit. as big as theut earned income tax credit. the treasury and that the general office has reported on that as well, problems with that. it is also -- it has also been expanded. most recently in 2000 nine. so, it has many of the same problems. andit has overlapping income over low income range and also in middle and upper income. if you can get it up to about $100,000 in income. and then there are other...
66
66
Jan 16, 2013
01/13
by
CSPAN
tv
eye 66
favorite 0
quote 0
the president ran on raising taxes on the upper class. he raised taxes on 77% of us. where are the spending cuts? guest: the president laid out in his press conference there have been $1.5 trillion in terms of spending cuts and caps on appropriation bills. those caps have been adhered to. it is a myth we have not had spending cuts. are we going to hit health care? i feel deeply in terms of research. a quick story. my wife ran a group at nih. when she started, there would have for peer review 100 applications. maybe 50 of them were topflight and there were reviewed by peer review. out of that they might pick 25 that should be funded. in those days, there was enough money of the top caliber to fund may be 10, 15. wo, or it is one, tow, o three of the original 100. there is not adequate funding for our health. are we going to further cut funding for nih for health research in this country? we need to retrain americans so they can qualify for every kind of job. we have a trainee deficit in this country. we need to do a better job. are we going to hurt that effort? that is
the president ran on raising taxes on the upper class. he raised taxes on 77% of us. where are the spending cuts? guest: the president laid out in his press conference there have been $1.5 trillion in terms of spending cuts and caps on appropriation bills. those caps have been adhered to. it is a myth we have not had spending cuts. are we going to hit health care? i feel deeply in terms of research. a quick story. my wife ran a group at nih. when she started, there would have for peer review...
82
82
May 11, 2013
05/13
by
CSPAN
tv
eye 82
favorite 0
quote 0
we do need to cut taxes. host: it was a look into their tax-exempt status. you relate holding a sign it to this type of scrutiny an investigation? caller: i sure do. this is a country where people to outrageous things just under "freedom of speech." you saw them in washington. every one saw what they were doing. host: dwayne from crawford. republican line. how peopl amazes me e tend to forget tahthat there is no organization that causes fear to the american people like the irs. give property rights that the power and freedom to the from slavery to indentured servants. it is property right. they need to remember that. host: a couple of stores looking at syria, this one from "the wall street journal." m another story in "the washington post " this morning -- meanwhile 25 people were killed when the army shelled the syrian town -- on this monday's program we are devoting the entire program, taking a look at issues concerning syria. chase all men will be our guest to talk about the diplomatic -- j. solomon will be our guest about this black solutions. we will ta
we do need to cut taxes. host: it was a look into their tax-exempt status. you relate holding a sign it to this type of scrutiny an investigation? caller: i sure do. this is a country where people to outrageous things just under "freedom of speech." you saw them in washington. every one saw what they were doing. host: dwayne from crawford. republican line. how peopl amazes me e tend to forget tahthat there is no organization that causes fear to the american people like the irs. give...
130
130
Aug 16, 2013
08/13
by
CSPAN
tv
eye 130
favorite 0
quote 0
is a voluntary tax. you do not have to pay. why are people prosecuted if they do not pay, if it is a voluntary tax? guest: i am not familiar with that video. if he said it, he is wrong. the government does have the power to enact an income tax. there was an income tax during the civil war. the supreme court upheld it. 1890's, the supreme court struck down an income tax. most people thought the decision was wrong. the 16th amendment was ratified to fix the error. the belief was at the beginning the congress have the power to enact the income tax. guest: the 16th amendment is right here. congress shall have the power to lay and collect taxes. but against the income tax it is part of the constitution. it was only a couple of percent on the very rich. what it shouldy be. it is part of the constitution. harry reid said a lot of crazy things over the years. if he said that, he is wrong. if you are watching, please do pay your taxes. you should not nullify the income tax. host: back to twitter. guest: sure. sta
is a voluntary tax. you do not have to pay. why are people prosecuted if they do not pay, if it is a voluntary tax? guest: i am not familiar with that video. if he said it, he is wrong. the government does have the power to enact an income tax. there was an income tax during the civil war. the supreme court upheld it. 1890's, the supreme court struck down an income tax. most people thought the decision was wrong. the 16th amendment was ratified to fix the error. the belief was at the beginning...
100
100
Apr 24, 2013
04/13
by
CSPAN
tv
eye 100
favorite 0
quote 0
people to pay taxes. i cannot recall everything he said, but it spoke of hypocrisy. i don't know. i did you are for it or against it, but you should be the same viewpoint and carry on the same kind of methodology. it should bethat paid because there should be an equal platform between internet businesses and brick-and-mortar businesses. there should not be the huge disadvantage. if people want all these government benefit programs and they cried about paying taxes, why should they fret? there should be no democrats saying they don't want the tax. host: this is the editorial section of usa today -- next to their opinion is one written by the vice president and deputy general counsel of government relations at ebay. ebay would like the exemption to be for businesses with 50 than $10 or less million. so there is an exemption for small businesses. ebay would like it to be higher. we will go to gary knell in cameron, north carolina, who supports the legislation. caller: i do. because i don't think it's fair. p
people to pay taxes. i cannot recall everything he said, but it spoke of hypocrisy. i don't know. i did you are for it or against it, but you should be the same viewpoint and carry on the same kind of methodology. it should bethat paid because there should be an equal platform between internet businesses and brick-and-mortar businesses. there should not be the huge disadvantage. if people want all these government benefit programs and they cried about paying taxes, why should they fret? there...
142
142
Jul 31, 2013
07/13
by
CSPAN
tv
eye 142
favorite 0
quote 0
doubly --'t tax them they pay taxes in other countries. if tax code penalizes them they bring it back to america. it makes no sense. everybody recognizes that except president obama. he will not work with us to get rid of that. proposal.bipartisan we could probably get that done quickly and create those jobs in america. host: donte from philadelphia. caller: good morning. this is nonsense. this is what is wrong with our country. you talk about jobs. we need jobs out here. our roads and bridges are falling apart. you want to lower the corporate tax rate. you are just contradicting yourself. why don't you talk about the deal he wants to work. trade ando reformat bring jobs between the countries. i just do not understand. we are hurting out here. the stocks are doing well but we are not doing well. give you some and give us some. talk about flying on air force one. he has to come to us. host: let's get a response. guest: look at the policies. those are president obama's policy. he had a super majority and he passed everything he wanted. he ha
doubly --'t tax them they pay taxes in other countries. if tax code penalizes them they bring it back to america. it makes no sense. everybody recognizes that except president obama. he will not work with us to get rid of that. proposal.bipartisan we could probably get that done quickly and create those jobs in america. host: donte from philadelphia. caller: good morning. this is nonsense. this is what is wrong with our country. you talk about jobs. we need jobs out here. our roads and bridges...
83
83
May 28, 2013
05/13
by
CSPAN
tv
eye 83
favorite 0
quote 0
caller: i think the tax exempt tax code should be done away with. we always hear the politicians think everyone should do their fair share but you have all these different foundations. look at the books. they are giant books. hear from the politicians is that everyone should pay their fair share. i believe everyone should pay their fair share. if you do away with that whole part of the irs, you just did away with tax exempt. guest: there is a certain truth to that. tactics and corporations are deeply embedded in the judeo history. if you go to tack sister you can find references to tax exempt organizations in the old testament of the bible. and pharaoh, he levied a tax on egypt to prepare for the famines. that was on everything but the lands of the priest. you find references to tax exempt organizations. for them tole change. we are really talking about a form of human interaction. they have the roots of very deep in civilized society. 501c3.here are how many different tax exempt codes are there? 29501cs and a couple of other miscellaneous tax exemp
caller: i think the tax exempt tax code should be done away with. we always hear the politicians think everyone should do their fair share but you have all these different foundations. look at the books. they are giant books. hear from the politicians is that everyone should pay their fair share. i believe everyone should pay their fair share. if you do away with that whole part of the irs, you just did away with tax exempt. guest: there is a certain truth to that. tactics and corporations are...
112
112
May 10, 2013
05/13
by
CSPAN
tv
eye 112
favorite 0
quote 0
it is not true that they are not paying taxes. they pay payroll taxes and other kinds of taxes. but there is a fair amount of debate particularly in the engineering community about whether these foreign workers are actually any better than the american engineers we have now. one of the things that this bill would do, it would make it much more difficult for who rely on h-1b workers to hire them. they would have to start paying pretty steep fines almost immediately if they have more of there will -- more than half of their workers on h-1b visas. 2/3. it is really big business model changing types of stuff. they want to make sure they have access to workers. there are high-profile cases of google and microsoft moving operations to canada because they could not have access to the foreign workers that they needed. but that in and of itself will likely be resolved in some kind of compromise fashion, which would mean employers who want to bring in high skilled immigrant workers will have to pay a fine, and they also have to offer jobs to american workers first. it is not even clear ho
it is not true that they are not paying taxes. they pay payroll taxes and other kinds of taxes. but there is a fair amount of debate particularly in the engineering community about whether these foreign workers are actually any better than the american engineers we have now. one of the things that this bill would do, it would make it much more difficult for who rely on h-1b workers to hire them. they would have to start paying pretty steep fines almost immediately if they have more of there...
75
75
Apr 26, 2013
04/13
by
CSPAN
tv
eye 75
favorite 0
quote 0
you can raise and cut taxes. you do not have to pay for it. ondoes not have any affect your ability to get the job done. i think we are seeing it through the sequester, when you cut the budget, things happen. we do not have the resources in homeland security that we have had. there have been suggestions that we obviously cannot do with less money. you make these choices all along. the fbi has resource challenges. in the judiciary committee we have been getting the fbi to let individual identity cases. there are a whole round of people, groups of people involved in organized retail theft, where they go into stores, clean out a shelf, and else later on. we do not have the resources necessary to do the legwork to put these cases together. there are a lot of cases that are not brought out. it is a question of resources. when you start talking about homeland security, there are obviously thing we can and cannot do. we need to do the best we can with a budget that is available. people need to recognize when you cut the budget you eliminate things th
you can raise and cut taxes. you do not have to pay for it. ondoes not have any affect your ability to get the job done. i think we are seeing it through the sequester, when you cut the budget, things happen. we do not have the resources in homeland security that we have had. there have been suggestions that we obviously cannot do with less money. you make these choices all along. the fbi has resource challenges. in the judiciary committee we have been getting the fbi to let individual identity...
147
147
Jul 1, 2013
07/13
by
CSPAN
tv
eye 147
favorite 0
quote 0
they would pay tax on that. that followed up with court cases, but also regulation and revenue ruling. regulations are issued by the treasury department. they said they have to be operated exclusively, means primarily. that is very hard to understand, but that has been the revolution -- evolution of law. saying primarily there can be done-exempt activities going on that would be subject to tax, or that they could do non-business activities that would not be for social welfare. that does not answer the question about how much. i think that is where the real problem came in. activity doitical they do before it becomes a substantial and are no longer primarily organized for social welfare? >> the calller asked about training. what is the irs budget each year? nott: for training, i do know that. i do know it has been reduced by 83 percent from 2010 to where they projected to be by the end of the year. the overall training budget. i do not know what the trading budget is for the overall organization. i do not have th
they would pay tax on that. that followed up with court cases, but also regulation and revenue ruling. regulations are issued by the treasury department. they said they have to be operated exclusively, means primarily. that is very hard to understand, but that has been the revolution -- evolution of law. saying primarily there can be done-exempt activities going on that would be subject to tax, or that they could do non-business activities that would not be for social welfare. that does not...
66
66
Oct 3, 2013
10/13
by
CSPAN
tv
eye 66
favorite 0
quote 0
but they did not create a tax revenue to pay for it. done is wee transferred all the cost to the next generation. ll isguess what -- the biill i due. the debt ceiling is coming up. if anybody had a credit card that you have maxed out on and you have demonstrated credit thinkiness, do you the credit company will expand further your ability to borrow money? that is what the debt ceiling will be all about. we have not solved our problem with medicare or social security and we are not living within our means, we need to get a higher level credit card. i have never voted for a debt ceiling increase. i think it is the addiction you can always raise the debt ceiling that keeps us from making the hard choices about our spending. if you want to see our economy grow, have the president and the congress lead solving medicare and social security and cleaning up the defense department and getting rid of the waste and you will see this country boom, because the confidence will be restored. host: one more call from our democrats line. caller: good mor
but they did not create a tax revenue to pay for it. done is wee transferred all the cost to the next generation. ll isguess what -- the biill i due. the debt ceiling is coming up. if anybody had a credit card that you have maxed out on and you have demonstrated credit thinkiness, do you the credit company will expand further your ability to borrow money? that is what the debt ceiling will be all about. we have not solved our problem with medicare or social security and we are not living within...
108
108
May 21, 2013
05/13
by
CSPAN
tv
eye 108
favorite 0
quote 0
the specifics o of the tax code, our tax code i complex.is overly we have 300 items of tax, something like 200 or 250 items deductions. it is incredibly complex and needs to be reformed and simplified. i can't speak specifically about what happened in the late all i know is the tax code is always being change and and one thing we should focus on is to reform it. caller from leesburg, virginia. democratic caller. caller: good morning. my question is a follow-up up to gentleman who called had is o willing to repeal the 16th amendment. i'm willing to people the second amendment and if they are on board we can review all of our amendments and see how they apply. guest: so, we have a constitutional process for both the constitution and repealing the constitution and very things are always emotional issues and it is great public debate it talk about them and people express their opinion. one protection is free speech have lots of different opinions on different amendments. feel'm glad you called and so passionate about these issues and that is what is great about becauseities to be here we
the specifics o of the tax code, our tax code i complex.is overly we have 300 items of tax, something like 200 or 250 items deductions. it is incredibly complex and needs to be reformed and simplified. i can't speak specifically about what happened in the late all i know is the tax code is always being change and and one thing we should focus on is to reform it. caller from leesburg, virginia. democratic caller. caller: good morning. my question is a follow-up up to gentleman who called had is...
109
109
Dec 21, 2013
12/13
by
CSPAN
tv
eye 109
favorite 0
quote 0
i want that tax law taking care of. i have every tax benefit there is an it is really criminal. the country is suffering. my grandkids will get along fine. they did fine on ordinary income because this country is too of peopleand plenty have suffered for it. thanks, pedro. host: a story in the "wall talks about the liberal agenda for democrats in 2014. here's what it says. goose creek, south carolina, democrats line. yes, good morning america, the light of the world. and wel believe in god must realize that our breakthrough has to be in religion, not economics. coleman from baltimore, maryland. we will have a breakthrough year. number one we need to reform education which needs to be free, health-care needs to be free, black people need their 40 acres and a mule. we're going to have a breakthrough year than we should think outside the box. marijuana should be legal and not taxed by medical marijuana. that way we can create businesses that are going to be taxed by the government. they have different ways to make money, but it is not opportunity out there. people need better oppor
i want that tax law taking care of. i have every tax benefit there is an it is really criminal. the country is suffering. my grandkids will get along fine. they did fine on ordinary income because this country is too of peopleand plenty have suffered for it. thanks, pedro. host: a story in the "wall talks about the liberal agenda for democrats in 2014. here's what it says. goose creek, south carolina, democrats line. yes, good morning america, the light of the world. and wel believe in god...
153
153
Jun 22, 2013
06/13
by
CSPAN
tv
eye 153
favorite 0
quote 0
we have a tax code -- we could have a tax code that is one page long. so many special interest groups and politicians are interested in having this extortionary and progressive tax system. probably will not go away. it should. host: in the washington post, -- headline, said officials to set official slams plan to end stimulus. he said he should not make important policy changes based on the idea that you are optimistic about your forecast. you should wait until you see some data. and kind of data is fed -- louis fed chairman james bullard talking about? .uest: gdp growth the federal reserve board economist say it will be the best economists -- economists say it will be above 3% soon. that is a model. let's wait until we see these numbers. the flip side of the coin. bernanke is just the chairman of the board. there are lots of other governors who are voting. their concern is that this is sword that if the was talking about. it hits everything when you weild it. when inflation starts to heat up, it takes a long time to cool it down unless you do what volc
we have a tax code -- we could have a tax code that is one page long. so many special interest groups and politicians are interested in having this extortionary and progressive tax system. probably will not go away. it should. host: in the washington post, -- headline, said officials to set official slams plan to end stimulus. he said he should not make important policy changes based on the idea that you are optimistic about your forecast. you should wait until you see some data. and kind of...
89
89
Jun 3, 2013
06/13
by
CSPAN
tv
eye 89
favorite 0
quote 0
pay more taxes. taxes.m to pay more came from mexico and became a legal resident and a naturalized citizen. i do not want anybody jumping ahead of him. we have done it before. host: some related questions on twitter. immigration. guest: yeah, and he's right. have here people we came through a legal visa. that individual is correct. right now the focus that used to be on the irish and the chinese, now the focus is on the hispanics. there is always somebody that there is a focus on. and theythe officer were talking about americans crossing the river without documentation. they took over texas. immigration reform can be an emotional issue. best interest of the united states. host: mary, a democrat. caller: hi. good morning. i feel sorry for obama. for the first four years that he walks into office, he believed that he could coordinate everyone to be a bipartisan. when it was said he would be a first term president, what does that tell you from the beginning? i feel very sorry for him. he learned what th
pay more taxes. taxes.m to pay more came from mexico and became a legal resident and a naturalized citizen. i do not want anybody jumping ahead of him. we have done it before. host: some related questions on twitter. immigration. guest: yeah, and he's right. have here people we came through a legal visa. that individual is correct. right now the focus that used to be on the irish and the chinese, now the focus is on the hispanics. there is always somebody that there is a focus on. and theythe...
81
81
Oct 10, 2013
10/13
by
CSPAN
tv
eye 81
favorite 0
quote 0
we know our current tax code suppresses that. it's time for revolution in our tax code. host: you were talking earlier about you think the manufacturer of some of the concern about the debt, it's coming from the white house. what do you think -- what do you think happens next week if we pass that debt ceiling deadline? there's some concern going back to 2011 about how even approaching that deadline shook the markets. guest: yeah, and two things. and i hate to do something slightly anecdotal, but it's not only the white house, i sat down even last evening with a couple of reporters, and they're journalism majors, nothing personal, and tried to walk them through both math and the laddering of the cash flow, and we actually heard secretary lew a little while ago talk about we literally roll off $100 billion a week, so there's this constant roll, which you can ladder and pay, you know, your interest obligations with current cash flows. of course i got to stare back, and when i finished walking them through a 16% gap, it's not default. moody's, everyone else who specializes i
we know our current tax code suppresses that. it's time for revolution in our tax code. host: you were talking earlier about you think the manufacturer of some of the concern about the debt, it's coming from the white house. what do you think -- what do you think happens next week if we pass that debt ceiling deadline? there's some concern going back to 2011 about how even approaching that deadline shook the markets. guest: yeah, and two things. and i hate to do something slightly anecdotal,...
105
105
Aug 5, 2013
08/13
by
CSPAN
tv
eye 105
favorite 0
quote 0
insurers are going to be paying a tax. tanningoing out to salons are paying a tax. this is where it is coming from. you might say if they have to pay a tax to help fund obamacare is in it going to be passed? the question is yes. they can tack on that cost to the premium. even with that extra cost and maybe a good deal for people with the subsidies and other factors. we split up our lines between insured and uninsured. we're talking about insurance rates under the affordable care act. good morning. i was just calling, it is just me and my wife. the spirit ie drive a school bus during the school year. that is not a whole lot of money. i want to know what do we need to do whenever it starts kicking in to get on what we can give them. we need to be able to go to the .octor some help of some kind. what do we need to do to get started and get on this? a whole lot you can do except get your documents in order in terms of showing what your income is. on october 1 you're going to want to go to helpcare.gov -- healthcare.gov. there will be a pulldown menu based on what state
insurers are going to be paying a tax. tanningoing out to salons are paying a tax. this is where it is coming from. you might say if they have to pay a tax to help fund obamacare is in it going to be passed? the question is yes. they can tack on that cost to the premium. even with that extra cost and maybe a good deal for people with the subsidies and other factors. we split up our lines between insured and uninsured. we're talking about insurance rates under the affordable care act. good...
80
80
Jul 9, 2013
07/13
by
CSPAN
tv
eye 80
favorite 0
quote 0
he will not support any tax increases in the budget. i realize we have a difference of opinion in the republican conference about that in the united states senate, but i think -- we have been calling for a budget for three years. passed in thet senate, and i did not like it, but at least the leadership brought it forward as required to do. is about a out it conference report, then the republican majority in the house can vote it down and it would. --t: germy peters rights jeremy peters writes -- guest: the facts simply do not support the accusations of senate democrats in this regard. with the judiciary for example. in the senate.d duringe the senate was the same time in the bush administration. testify wednesday , a district judge, which i have been asking the administration to put forward for quite some time. the point is not every nomination will get through. john tower did not get through in a democratic senate. at thelarge, if you look statistics, the senate has nominations,e executive and judicial by the obama administration than
he will not support any tax increases in the budget. i realize we have a difference of opinion in the republican conference about that in the united states senate, but i think -- we have been calling for a budget for three years. passed in thet senate, and i did not like it, but at least the leadership brought it forward as required to do. is about a out it conference report, then the republican majority in the house can vote it down and it would. --t: germy peters rights jeremy peters writes...
73
73
Nov 25, 2013
11/13
by
CSPAN
tv
eye 73
favorite 0
quote 0
caller: i am a tax guy and i get a lot of tax journals, and the only recourse the irs will have to collect the tax, the fine, the penalty, and the overpaid subsidies is to take it out of your refund. they will not be doing liens or garnishments or anything like that. so, how can, and if that be sustainable? definitely true for the penalty, that the federal government is limited in being able to recoup that penalty. your penalty or 1% of income, which is -- whichever is greater. a lot of the politics of the affordable care act left the agency hamstrung. there were all these rumors during the health-care debate in 2009 that the irs would be hiring thousands of agents, there were rumors that they would be armed, and the democrats felt they had to tone down the mechanism. -- the collection mechanism. he didn't want people feeling like they would go to jail or have their wages garnished. whether that will make it more difficult to convince people to sign up. the irs go about doing that if somebody does not get a tax refund? they cannot recoup it if they do not get a tax refund. i interviewed on
caller: i am a tax guy and i get a lot of tax journals, and the only recourse the irs will have to collect the tax, the fine, the penalty, and the overpaid subsidies is to take it out of your refund. they will not be doing liens or garnishments or anything like that. so, how can, and if that be sustainable? definitely true for the penalty, that the federal government is limited in being able to recoup that penalty. your penalty or 1% of income, which is -- whichever is greater. a lot of the...
138
138
Apr 6, 2013
04/13
by
CSPAN
tv
eye 138
favorite 0
quote 1
the end of tax cuts at the beginning of the year. there are plenty of americans who say that is not middle- class. by the statistics, you could say they are right. the average household income in the u.s. this summer in the ballpark of $44,000. that is a far cry from $400,000. that, the caller makes a good point which is that the cost of living differs from place to place. behington, d.c. might different than other places like nebraska. host: another technical question on how these numbers are determined -- guest: that comes from the household survey which is the labor department going to you directly and asking if you have stopped looking for work. it is an estimate and there are big margins of error on those estimates. the number of discouraged workers, people who have given up, is around 800,000. get to reachumbers following month? each month? guest: the government sends out the surveys and asks to find and how many people are on their payrolls. as the government gets more and more information from employers, they revise the numbe
the end of tax cuts at the beginning of the year. there are plenty of americans who say that is not middle- class. by the statistics, you could say they are right. the average household income in the u.s. this summer in the ballpark of $44,000. that is a far cry from $400,000. that, the caller makes a good point which is that the cost of living differs from place to place. behington, d.c. might different than other places like nebraska. host: another technical question on how these numbers are...